Pattern trades are:
0. Head and shoulders, marked by yellow rectangles
1. shorted at C(1370) where the .618 pullback is, BC=0.618AB
2. Covered on the 1.618 extension of AB on D, more precisely 1.618A'B=A'D
3. Retesting neckline area, a good short entry again around 1360 to 1362
0. Head and shoulders, marked by yellow rectangles
1. shorted at C(1370) where the .618 pullback is, BC=0.618AB
2. Covered on the 1.618 extension of AB on D, more precisely 1.618A'B=A'D
3. Retesting neckline area, a good short entry again around 1360 to 1362
Trade closed: target reached
closed at 1340
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.